Growth of Stockholm benefits Fabege

Christian Hermelin, CEO of Fabege, comments on full-year 2013:
“Increasing income, high retention rate and new tenants moving to Arenastaden is
an adequate summary of 2013. The rapid growth of Stockholm is forming the
foundation for the successes. Rental income increased to SEK 2,059m (1,869). In
an identical portfolio, income rose 13 per cent. The year-on-year change was due
to growth through positive net lettings and completed projects.

The office market in Stockholm remained strong during 2013 and demand for
modern, flexible offices in prime locations continues to increase. The property
-management operation was characterised by increasing income, a high retention
rate and satisfied customers. The growth derived from the healthy net lettings
of previous years and the income being generated from the projects that have now
been completed.

The project portfolio contributed excellent value creation and we have many
exciting projects to commence, particularly Arenastaden but also in our other
markets.

During 2013, Fabege sold six properties and acquired two. The transactions are
part of our focus on continuously increasing the potential in our property
portfolio. The transactions also generated capital gains.

Both the rental market and the transaction market have got off to a strong start
to 2014. Our operations are located in one of Europe’s best property markets,
Stockholm, a region that is currently growing by 35,000–40,000 residents
annually. In Arenastaden alone, the number of office employees grew by 2,000
individuals during the year. This figure is expected to accelerate over the next
few years. This is creating multiple business opportunities, which we are
looking forward to capitalising on.”

Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80


This constitutes information that Fabege AB (publ) may be legally obliged to
publish under the Securities Market Act and/or the Financial Instruments Trading
Act. The information was released for publication at 11:02 am CET on 6 February
2014.
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 33.4bn. The portfolio is concentrated
in the Stockholm region and has an annualised rental value of SEK 2.4bn and a
lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm,
Large Cap segment.